Source - RNS
RNS Number : 7079I
Arrow Global Group PLC
01 September 2016
 

 

1 September 2016

Arrow Global Group PLC (the "Company")

Director/PDMR Shareholding

 

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility and Persons Closely Associated under the Arrow Global Group Share Incentive Plan ("SIP")

In accordance with Article 19.3 of the Market Abuse Regulation, Arrow Global Group Plc announces that on 31 August 2016, it was notified by Capita IRG Trustees Limited (the "SIP Trustee"), that the following persons discharging managerial responsibility were allocated on 30 August 2016 under the SIP, Partnership Shares (purchased out of participating employees' gross salaries at £2.615 per share) and Matching Shares, held through the SIP Trustee, as set out below:

 

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

Partnership Shares acquired under the SIP (a)

Matching  Shares acquired under SIP (b)

Aggregate Shares held Beneficially (across all accounts following notification) (c) (e)

Zachary Lewy

57

57

3,795,754 (d)

Stewart Hamilton

57

57

138,958

Steve Greenwood

57

57

2,511

Tracy French

57

57

2,148

 

Notes

(a)        Pursuant to a regular monthly instruction, the SIP Trustee acquires Partnership Shares using the participating employees' gross salaries.  The Company gives the participating employees 1 Matching Share for each Partnership Share bought on their behalf. The Matching Shares are subject to a 3 year forfeiture period.

(b)        Ordinary Shares of 1 pence each are transferred by the Trustee of the Arrow Global 2016 Employee Benefit Trust to the SIP Trustee on a regular basis to satisfy Matching Share awards under the SIP to Participants.

(c)        Excluding (i) LTIP awards of nil cost options and (ii) restricted share awards.

(d)        Includes awards under the Deferred Share Bonus Plan.

(e)        Includes shares held by Persons Closely Associated.

 

ENQUIRIES

Arrow Global

+44 (0)161 242 1724

Stewart Hamilton (Company Secretary)


 


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